OFF MARKET

44 Railway Street
Merewether NSW 2291

Bedrooms: 4
Bathrooms: 1
Car spaces: 6
Floor area: 122m2
Land area: 1037m2
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Last updated 11 Nov 2024
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Property Details for 44 Railway St, Merewether

44 Railway St, Merewether is a 4 bedroom, 1 bathroom Unit with 6 parking spaces and was built in 1980. The property has a land size of 1037m2 and floor size of 122m2. While the property is not currently for sale or for rent, it was last sold in July 2020.

Building Type
Unit
Year Built
1980
Floor Size
122m2
Land Size
1037m2
Local Government
Newcastle
Lot/Plan
11/DP81360

Last Listing description (August 2020)

Arguably one of Merewether's largest landholdings, look to the future and get ready to reap the rewards of this substantial approximate 1,037sqm allotment. Zoned R3 Medium Density with an approximate 20m frontage and dual access from Margaret Street, this sensational block of three attached villas are leasable for now while offering you the chance to explore unparalleled scenarios of a multi-dwelling development (STCA).

This is a superb lifestyle location that allows you to walk to the beach in 15 minutes. The Junction village is a short 10 minute walk away, where there are boutique shops, popular eateries and a choice of sought-after schools, and bus services to Charlestown and the city are pretty much at the front door.

* North/south aspect on level landholding approximately 51m deep

* 2 x 4-bedroom villas and 1 x 2-bedroom villa all in reasonable condition, ready to lease out
* Scope to add value and landbank for now
* 700m to The Junctions schools, shops and eateries

Outgoings:
Water: *$1,245 pa + usage
Council: *$3,515 pa

For more about Thomas head to www.thomashook.com.au

(We have obtained all information in this document from sources we believe to be reliable; however, we cannot guarantee its accuracy. Prospective purchasers are advised to carry out their own investigations.)

*Approximates only

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Property History for 44 Railway St, Merewether, NSW 2291

A timeline of how this property has performed in the market
Last Sold
$2,200,000
08 Jul 2020
  • 08 Jul 2020
    Sold for $2,200,000
  • 03 Jun 2020
    Listed for Sale EOI Now Closed

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About Merewether 2291

The size of Merewether is approximately 6.4 square kilometres. It has 19 parks covering nearly 49.5% of total area. The population of Merewether in 2011 was 10,468 people. By 2016 the population was 10,971 showing a population growth of 4.8% in the area during that time. The predominant age group in Merewether is 20-29 years. Households in Merewether are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Merewether work in a professional occupation. In 2011, 63.1% of the homes in Merewether were owner-occupied compared with 63.3% in 2016.

Merewether has 5,767 properties. Over the last 5 years, Houses in Merewether have seen a 68.47% increase in median value, while Units have seen a 50.83% increase. As at 31 October 2024:

  • The median value for Houses in Merewether is $1,873,081 while the median value for Units is $861,605.
  • Houses have a median rent of $795 while Units have a median rent of $580.
There are currently 26 properties listed for sale, and 8 properties listed for rent in Merewether on OnTheHouse. According to CoreLogic's data, 262 properties were sold in the past 12 months in Merewether.

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